Nov. 15 at 9:08 AM
$IPG is currently trading at
$24.79, below both the 30-day moving average (MA30) of
$26.16 and the 50-day moving average (MA50) of
$26.25, indicating a bearish trend. The RSI at 25.0 suggests that the stock is oversold, which may lead to a potential reversal or short-term bounce. The recent 60-day high of
$28.42 and low of
$24.39 further define the trading range, with the current price near the lower end.
For a trade plan, consider entering a long position at
$25.00, slightly above the current price, to confirm momentum. Set a stop loss at
$24.39, just above the recent low, to manage risk. Target 1 can be set at
$26.00, near the MA30, and Target 2 at
$26.50, approaching the MA50. This plan leverages the oversold condition while respecting the established resistance levels.
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